Analyst Warns $1.25 Level Retest

The crypto market started this week with fresh gains and Bitcoin recorded gains of over 7%. It jumped above $95,100 early Sunday and the rally came after the U.S. President Donald Trump said he would roll back tariffs on Chinese imports. Bitcoin’s surge was largely driven by $3.06 billion in weekly inflows into U.S. spot Bitcoin ETFs.

Altcoins also fared well, with XRP up 4%, Solana up 1%, and Cardano up 2% over the past day. XRP is making headlines as the SEC has approved ProShares’ first-ever XRP futures ETF, set to go live on April 30.  ProShares is preparing to launch three XRP-tracked products this week after a quiet SEC approval. 

The flurry of XRP ETFs comes after Ripple’s major victory over the SEC in March, which cleared major regulatory hurdles for XRP.

Analyst Warns XRP Could Drop to $1.25

Analyst Egrag Crypto, in his latest X post, predicted that XRP could hit $1.25 in the short term. He explained that XRP still shows weakness unless it can close above the $2.33–$2.45 range, which would signal a bullish breakout. 

Egrag opened up about the importance of the 0.702 Fibonacci level, linking it to a major past breakout. Further, he advised his followers not to chase market gains or panic sell, but instead to keep accumulating XRP during price dips.

“This is a short-term outlook, and while I am confident we may see double digits in the upcoming months, we first need to dispel any bearish sentiments,” the analyst said.

Even analyst Dark Defender has confirmed that the $2.222 level is still a key point in XRP’s price action. He mentions that XRP’s Monthly Wave 4 (a phase in Elliott Wave analysis) is nearing its end.